The Shareholders' Nomination Board of
Metso's Board composition and remuneration
The Nomination Board will propose that Metso's Board of Directors should have seven members.
The Board's term of office will commence at the end of the Annual General Meeting and will expire at the registration of the completion of the partial demerger of
All the Board member candidates have given their consent to their election and have been assessed to be independent of the company and its significant shareholders, except for
The Nomination Board will propose the same fixed annual remuneration to the Board members as in the previous term. The remuneration to be paid will be calculated pro rata to the length of the term of office based on the following annual remuneration:
Chair
Vice Chair
Other members
The same additional remuneration as in the previous term will be proposed for the Board members that are elected as members of the Audit Committee and the
Chair of the Audit Committee
Members of the Audit Committee
Chair of the Remuneration and HR Committee
Member of the Remuneration and HR Committee
The Nomination Board will propose that the fixed annual remuneration be paid to the members of the Board of Directors in cash within two weeks after the expiry of their term of office.
Board composition and remuneration of the future
The Nomination Board will propose that the Board of Directors of the future
All member candidates' CVs are enclosed as an attachment to this release
All member candidates have given their consent to their election and have been assessed to be independent of the company and its significant shareholders, except for Petter Söderström and Niko Pakalén, who have each been assessed to be independent of the company but not independent of a significant shareholder.
The term of office of the Neles Board will commence at the registration of the completion of the partial demerger of Metso and will expire at the end of the next Annual General Meeting of Neles.
The Nomination Board will propose the following fixed annual remuneration for the Board of Directors of the future Neles. The remuneration to be paid will be calculated pro rata to the length of the term of office based on the following annual remuneration:
Chair
Vice Chair
Other members
An additional remuneration will be proposed for the Board members that are elected as members of the Audit Committee and the
Chair of the Audit Committee
Member of the Audit Committee
Chair of the Remuneration and HR Committee
Member of the Remuneration and HR Committee
The Nomination Board will propose that, as a condition for the annual remuneration, the members of the Board of Directors of the future
Meeting fees
Meeting fees are proposed to be paid as follows: for each meeting of the Board of Directors of
Personnel representative
The Nomination Board notes that, also during the commencing term of office of the Board of Directors, a personnel representative will participate as an external expert in the meetings of the
Shareholders' Nomination Board
Metso's Shareholders' Nomination Board comprises Petter Söderström (Investment Director,
Petter Söderström and Niko Pakalén have not participated in the decision-making of the Nomination Board's proposal concerning the remuneration of the members of the Board of Directors and the election of the Board members of the future
Metso's Board of Directors will include all the above-mentioned proposals in the notice of the Annual General Meeting of 2020.
More information on the proposed Board members for Metso and Neles and their independence assessments are available in the appendices of this release and on www.metso.com.
Further information, please contact:
Petter Söderström, Chair of the Shareholders' Nomination Board, tel. +358 400 431 148
Distribution:
NASDAQ
Media
www.metso.com
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in
metso.com (http://www.metso.com/), twitter.com/metsogroup (http://www.twitter.com/metsogroup)
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